MicroStrategy Doubles Down on Bitcoin, Increasing Its Holdings to 553,555 BTC

Strategy, formerly known as MicroStrategy, has further cemented its position as the leading corporate holder of Bitcoin with another massive acquisition.

The company, formerly known as MicroStrategy, disclosed in a regulatory filing on Monday that it had purchased 15,355 bitcoins for approximately $1.42 billion in cash at an average price of $92,737 per bitcoin. The purchases were made in increments between April 21 and April 27, 2025.

This latest acquisition brings Strategy’s total bitcoin holdings to a whopping 553,555 BTC. At current market prices, these holdings are worth over $52 billion, which amounts to about 2.6% of bitcoin’s maximum supply of 21 million coins.

In total, Strategy has spent around $37.9 billion acquiring its bitcoin stack, including fees and expenses. With bitcoin trading around $95,000, Strategy is sitting on paper gains of approximately $14 billion.

Earlier on Sunday, Executive Chairman Michael Saylor hinted at the acquisition before its official announcement. He posted an update on the company’s bitcoin purchase tracker with the message: “Stay humble. Stack sats.”

When banks finally bless Bitcoinand the experts agree it’s a good idea,everyone will want to buy it,no one will need to sell it,and you won’t be able to afford it.

— Michael Saylor (@saylor) April 28, 2025

The company funded these purchases through sales of its stock. Strategy sold 4,020,000 shares of its class A common stock (MSTR) for approximately $1.4 billion.

It also sold 435,069 shares of its perpetual strike preferred stock (STRK) for about $37.5 million. After these sales, only $128.7 million worth of MSTR shares remain available under the current program.

The STRK program still has plenty of room for growth. There is $20.92 billion worth of STRK shares remaining available for issuance and sale.

These stock sales are part of Strategy’s broader “21/21 plan.” This plan targets a total capital raise of $42 billion through equity offerings and fixed-income securities for bitcoin acquisitions.

The recent purchase follows another acquisition just a week earlier. Between April 14 and April 20, Strategy bought 6,556 BTC for approximately $555 million at an average price of $84,785 per bitcoin.

Despite market volatility, Strategy’s stock has performed well. MSTR closed up 5.2% on Friday at $368.71, continuing a rebound for both traditional and crypto markets.

This performance can be attributed to several factors, including the recent surge in bitcoin's price, which reached a 14-month high last week as optimism grew over pending applications for spot bitcoin exchange-traded funds.

The stock has gained nearly 23% year-to-date and its market cap now stands at $98.1 billion.

What makes this performance more impressive is how it compares to tech giants. While MSTR delivered a 6% return over the past three months, companies like NVIDIA (-6%), Microsoft (-10%), and Google (-15%) all saw negative returns.

The current stock price of $369.25 represents an increase of $80.98, or 28.09%, over the past month. This surge reflects positive market reaction to both bitcoin’s price movement and Strategy’s aggressive accumulation strategy.

Bitcoin itself has shown solid performance recently. The cryptocurrency is trading around $94,725, with a 0.89% increase over the past 24 hours and a 7.44% gain over the last week.

As for bitcoin, it seems to be benefitting from several catalysts, including growing institutional interest, macroeconomic uncertainty, and the potential approval of spot bitcoin ETFs in the U.S.

The cryptocurrency is currently up 70% year-to-date, in stark contrast to the broader stock market, with the S&P 500 index showing a year-to-date gain of 10%.

Furthermore, bitcoin's recent price action has also been influenced by several reports indicating that several U.S. institutions might be applying for spot bitcoin ETFs. Among them are investment management giant BlackRock, which has filed for an iShares Spot Bitcoin Trust, and Cathie Wood’s ARK Invest, which is seeking to launch an ETF that would directly hold bitcoin.

The news of these applications has sparked optimism among crypto traders, potentially contributing to bitcoin's surge to a 14-month high last week.

Corporate Bitcoin Race Heats Up

Strategy is no longer alone in its bitcoin accumulation strategy. A growing number of companies are adopting similar approaches to bitcoin acquisition.

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